Israel: Lithium Battery Market 2024

Lithium Battery Market Size in Israel

In 2021, after two years of growth, there was significant decline in the Israeli lithium battery market, when its value decreased by -26.1% to $X. Over the period under review, consumption saw a abrupt descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Lithium Battery Production in Israel

In value terms, lithium battery production expanded slightly to $X in 2021 estimated in export price. In general, production continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 13%. Lithium battery production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Lithium Battery Exports

Exports from Israel

In 2021, overseas shipments of lithium cells ans batteries were finally on the rise to reach X tons after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 1,899% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lithium battery exports surged to $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 2,148% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for lithium battery exports from Israel, accounting for a 39% share of total exports. Moreover, lithium battery exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +147.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+44.2% per year) and Hong Kong SAR (+39.6% per year).

In value terms, Germany ($X) remains the key foreign market for lithium cells ans batteries exports from Israel, comprising 39% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +141.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.6% per year) and Hong Kong SAR (+36.1% per year).

Export Prices by Country

In 2021, the average lithium battery export price amounted to $X per ton, surging by 2.6% against the previous year. In general, the export price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to the UK ($X per ton) and South Korea ($X per ton), while the average price for exports to Germany ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (-0.4%), while the prices for the other major destinations experienced a decline.

Lithium Battery Imports

Imports into Israel

Lithium battery imports into Israel soared to X tons in 2021, with an increase of 20% compared with 2020. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 40%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lithium battery imports soared to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.9% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 48% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main suppliers of lithium battery imports to Israel, together comprising 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and South Korea ($X) were the largest lithium battery suppliers to Israel, together accounting for 64% of total imports.

Among the main suppliers, India, with a CAGR of +47.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lithium battery import price amounted to $X per ton, picking up by 6.3% against the previous year. In general, the import price, however, saw a perceptible decline. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Singapore ($X per ton), while the price for China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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